Rockstar and 2K Games parent Take-Two Interactive has said during their financial call that both Max Payne 3 and Spec Ops: The Line sold “below expectations”.

Due to the “lower-than-anticipated” sales of both titles, the firm’s first quarter results fell short of what they were expecting. However, Strauss Zelnick, chairman and CEO of Take-Two, remained optimistic regarding their forthcoming line-up:

Although our first quarter results were below expectations due to lower-than-anticipated sales of Spec Ops: The Line and Max Payne 3, the outlook for our slate of upcoming releases is stronger than ever. Early consumer enthusiasm suggests robust demand for our extraordinary lineup of upcoming releases, particularly Borderlands 2, NBA 2K13 and BioShock Infinite. We continue to expect fiscal 2013 to be one of the best years in Take-Two’s history.

As for GTA V, Take-Two said that the game is “in full development and showing substantial progress”. Its release date, however, remains TBA.

We haven’t talked about a release date, so we can’t talk about the credibility of a release date we haven’t announced.